Xbox 720, Xbox Next, PS4, the Orbis – whatever you want to call Microsoft and Sony’s next-gen formats – it’s no secret they have internal codenames at their respective companies. Fresh reports have shed light on what those codenames are, where their components are being produced, and what lies under the hood. Get the rumours below.

SemiAccurate reports – via supposedly internal sources – that Microsoft’s next console will run on an AMD chip codenamed ‘Oban’, which was rumoured to go into mass production before the end of 2012. However, the same site also reported onproblems with the chip’s manufacturing with one source calling the component quality ‘painfully low’. The issue is rumoured to have cause production delays.

The site also claims that its inside sources are now referring to Xbox 720 as ‘Kryptos’, rather than the much-touted ‘Durango’ moniker that is apparently used internally at Microsoft.

PS4’s internal codename is ‘Thebes’ claim the site’s sources, and states that AMD is also supplying its base chip. This ties in to what our own sources told us back in October. You can read our full, rather massive report on the issue here.

The report added that the PS4 AMD chip will likely be manufactured at Global Foundries or IBM, and will enter production after Microsoft’s Oban chip. The site suggests PS4 will launch Spring or Autumn 2014. The belated release could be likely, given Sony’s Shuhei Yoshida’s recent comments, in which he deemed it too early to start talking about PS4.

There you go. Now, what do you think? Horse-shit, or plausible? Let us know below.

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